Dear colleagues, I suppose that the upward movement is not over yet! Price is in the upward impulse of wave 3 of higher order and wave 5 of lower order. I expect the completion of wave 4 of lower order in the support area of 39340, then the upward movement, which will update the top of wave 3 of lower order in the area of 39980.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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Dear colleagues, the price has reached the support area 39340. I suppose that the price can still update the low a bit, but from now on I consider only long positions.
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Colleagues, the price has gone most of the way to the target and is now at 39765. I suppose that by the end of the week the price may reach the target! Don't forget to set trades to breakeven!
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Colleagues, the price has almost reached the target and I suppose it is worth closing the position before the end of the trading week if it is near the target 39980. In any case, I will not get tired of repeating - I recommend to set trades to breakeven!
Trade closed: target reached
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Dear colleagues, I did not have time to close positions at the end of the week. At the market opening I assume to close long positions with a good profit, because correction is possible and then we will be able to consider long positions again. So I mark the idea as worked out at the level of 39822.
@habib078641, Thank you for your valuable feedback! I will take it into consideration 👌🏻
Awii_Khan
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IMO 39060 level for buying with target 40070
Hellena_Trade
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@Awais3535, Given the situation in the markets over the last 3 weeks, I prefer to set minimum targets that can backfire. Thanks for your comment!
Awii_Khan
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@Hellena_Trade your analysis are always perfect i just shared my opinion alot of imbalance toward down side fundamental effects fading down likely targets i shared i can be wrong 😊
Hellena_Trade
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@Awais3535, Thanks for the encouragement! Interested in your opinion, of course )
Good analysis on identifying a potential buy zone for DJI. The buy zone is also a resistance-turned support. Let’s see how the price reacts on the level as the market sessions unfold.